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The most popular alternative loan is a(n): Group of answer choices payday loan. savings account. checking...

The most popular alternative loan is a(n): Group of answer choices

payday loan.

savings account.

checking account.

emergency fund.

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Answer #1

Payday loans are usually loans given to employees for 1 week or 2 weeks. These loans charge a very high rate of interest. These given without collateral security. These are most unsecured in nature.

Hence, correct option is “Payday loan”

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